Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana - 2022

Contents:

  1. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (CIF) - 2022
  2. Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (FOB) - 2022
  3. Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana
  4. Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (CIF) - 2022

In 2022, the average import price for sunflower seed amounted to $1,139 per ton, shrinking by -23% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices hit record highs at $1,597 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,990 per ton), while the price for France ($183 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (FOB) - 2022

In 2022, the average export price for sunflower seed amounted to $1,208 per ton, shrinking by -4.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,609 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($1,219 per ton), while the average price for exports to Canada totaled $500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.4%).

Imports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana

In 2022, imports of sunflower seed into Ghana surged to 8.8 tons, increasing by 36% compared with 2021. Over the period under review, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 39%.

In value terms, imports of sunflower seed stood at $10K in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 99%.

Import of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.21.62.92.2-11.7%
United Kingdom1.21.23.01.916.6%
Lebanon1.10.61.21.613.3%
CanadaN/AN/AN/A1.30%
United Arab Emirates0.30.20.60.944.2%
South Africa2.40.51.00.7-33.7%
Spain2.20.50.10.5-39.0%
Australia3.8N/AN/AN/A0%
Others1.60.30.91.0-14.5%
Total15.74.89.510.0-14.0%

Top Suppliers of Oil Seeds; Sunflower Seeds, Whether or Not Broken to Ghana in 2022:

  1. Canada (1.8 tons)
  2. Lebanon (1.7 tons)
  3. United Kingdom (1.2 tons)
  4. United Arab Emirates (1.1 tons)
  5. China (1.1 tons)
  6. South Africa (0.8 tons)
  7. Spain (0.3 tons)

Exports of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana

In 2022, exports of sunflower seed from Ghana rose slightly to 274 kg, surging by 5% on 2021. Over the period under review, exports, however, showed a noticeable decline.

In value terms, exports of sunflower seed reached $331 in 2022. The total export value increased at an average annual rate of +13.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Oil Seeds; Sunflower Seeds, Whether or Not Broken in Ghana (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium11416432732942.4%
Others1151642.02.0-74.1%
Total22932832933113.1%

Top Export Markets for Oil Seeds; Sunflower Seeds, Whether or Not Broken from Ghana in 2022:

  1. Belgium (270.0 kg)

Source: IndexBox Market Intelligence Platform

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